Category: Asean

South-East Asian property market carries growing risks

Among other things, this Oxford Analytica report (link above) says:

South-east Asian banks will be tested as the eventual end of quantitative easing affects local currencies, capital flows, financial asset prices, borrowing costs and repayment capabilities of corporate and household borrowers. A rise in interest rates and cost of borrowing could prompt a surge in bad loans. (more…)


Now Malaysian speculators snap up properties in London

An informed source has revealed to me that at one upmarket seafront apartment suites complex in northern Penang Island, the actual occupancy rate is just 10 per cent, even though the apartments have been sold out.

Contrary to popular belief that much of the property speculation/investment in high-end properties in Penang is by foreigners, the rough breakdown by nationality of owners of these particular apartments is as follows:

  • Malaysians based in the country (60 per cent),
  • Malaysians residing/working abroad (20 per cent), and
  • foreigners/others (20 per cent). (more…)

Climate change influenced Typhoon Haiyan

Some scientists are making the link between climate change and Typhoon Haiyan. Unfortunately, much of the corporate media remain largely silent about the link, perhaps because large corporations which contribute advertising revenue to the media, are among the major culprits of greenhouse gas emissions.

According to a report in the Sydney Morning Herald:

Professor Will Steffen, a researcher at the ANU and member of the Climate Council, said scientists understand how a hotter, moister climate is already affecting storms such as Haiyan.

“Once [cyclones] do form, they get most of their energy from the surface waters of the ocean,” Professor Steffen said. “We know sea-surface temperatures are warming pretty much around the planet, so that’s a pretty direct influence of climate change on the nature of the storm.”

Data compiled from the US National Oceanic and Atmospheric Administration shows sea temperatures were about 0.5 to 1 degree above normal in the waters to the east of the Philippines as Haiyan began forming. The waters cooled in the storm’s wake, an indication of how the storm sucked up energy.



‘Super typhoon Haiyan is not a natural disaster’; it’s climate change

The strongest typhoon ever to make landfall in recorded human history – so strong that if there was a Category 6, it would have fallen squarely in that box – is not a natural disaster. Instead, the Philippines’ lead negotiator to the UN climate talks in Warsaw, Yeb Sano, has firmly linked the devastation in his country to climate change.

So why aren’t more of the corporate media highlighting this crucial angle? Is it because the corporate sector is responsible for a lot of the greenhouse gas emissions?